Burger King Sale Falls Through

1 min read
Opinions expressed by Entrepreneur contributors are their own.

London--Diageo Plc, parent company of Burger King, said in a statement to the London Stock Exchange that it was told Texas Pacific Group and its partners would not be able to complete the BK acquisition on previously agreed upon terms. A spokesperson said that Diageo remains in exclusive talks with TPG and its partners over buying the hamburger franchise, but is considering other options to pursue a new agreement on a deal. Some of those options could include Diageo maintaining a stake in BK, granting TPG more time to review the market and lowering the price. The company is not commenting on details in the talks. -CBS MarketWatch.com

More from Entrepreneur

Kim's expertise can help you become a strong leader, pitch VCs for capital, and develop a growth strategy.
Book Your Session

For a limited time only, get this bundle of Entrepreneur PressĀ® titles for less than $30 (60% OFF) on our bookstore when you use "LEAP" at checkout.
Buy Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.